OGS
ONE Gas, Inc. Utilities - Utilities - Regulated Gas Investor Relations →
ONE Gas, Inc. (OGS) closed at $88.91 as of 2026-05-01, trading 28.0% above its 200-week moving average of $69.45. The stock moved further from the line this week, up from 27.0% last week. With a 14-week RSI of 74, OGS is in overbought territory.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.00 ratio) is neutral — neither side is clearly dominating.
Over the past 593 weeks of data, OGS has crossed below its 200-week moving average 13 times. On average, these episodes lasted 9 weeks. Historically, investors who bought OGS at the start of these episodes saw an average one-year return of +3.0%.
With a market cap of $5.6 billion, OGS is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 8.1%. The stock trades at 1.6x book value.
Share count has increased 13.3% over three years, indicating dilution.
Over the past 11.4 years, a hypothetical investment of $100 in OGS would have grown to $295, compared to $424 for the S&P 500. OGS has returned 9.9% annualized vs 13.5% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: OGS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OGS Crosses Below the Line?
Across 13 historical episodes, buying OGS when it crossed below its 200-week moving average produced an average return of +1.3% after 12 months (median +0.0%), compared to +23.9% for the S&P 500 over the same periods. 46% of those episodes were profitable after one year. After 24 months, the average return was +10.8% vs +38.8% for the index.
Each line shows $100 invested at the moment OGS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OGS has crossed below its 200-week MA 13 times with an average 1-year return of +3.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2020 | Mar 2020 | 1 | 7.3% | +13.2% | +60.3% |
| Jun 2020 | Jun 2020 | 1 | 1.2% | +5.8% | +47.1% |
| Aug 2020 | Nov 2020 | 11 | 10.0% | -0.5% | +44.4% |
| Jan 2021 | Mar 2021 | 12 | 11.3% | +12.3% | +46.9% |
| May 2021 | Dec 2021 | 31 | 15.5% | +15.7% | +39.6% |
| Feb 2022 | Feb 2022 | 1 | 0.7% | +11.6% | +37.1% |
| Sep 2022 | Oct 2022 | 4 | 7.8% | +0.2% | +43.4% |
| Nov 2022 | Jan 2023 | 5 | 4.0% | -15.0% | +37.5% |
| Mar 2023 | Mar 2023 | 1 | 1.3% | -11.7% | +33.6% |
| Jul 2023 | Jul 2023 | 1 | 0.5% | -12.1% | +32.8% |
| Aug 2023 | Sep 2023 | 1 | 0.6% | -1.8% | +33.5% |
| Sep 2023 | Sep 2024 | 51 | 18.0% | +4.5% | +33.1% |
| Jan 2025 | Jan 2025 | 1 | 1.1% | +17.4% | +36.7% |
| Average | 9 | — | +3.0% | — |
Frequently Asked Questions
Is OGS below its 200-week moving average?
No. ONE Gas, Inc. (OGS) is currently 28.0% above its 200-week moving average of $69.45. It would need to fall to $69.45 to cross below the line.
What is OGS's 200-week moving average price?
ONE Gas, Inc.'s 200-week moving average is $69.45 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when OGS drops below its 200-week moving average?
OGS has crossed below its 200-week moving average 13 times in our data. On average, buying at that moment produced a one-year return of +3.0%. These dips have historically been decent entry points. These episodes lasted 9 weeks on average.
Is OGS a good value right now?
Here's what our data says about OGS as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 74 (overbought). Free cash flow is currently negative. Return on equity is 8.1%. Price-to-book is 1.6x. This is not a buy or sell recommendation — always do your own research.
How does OGS compare to the S&P 500?
Over the past 11.4 years, $100 invested in OGS would have grown to $295, compared to $424 for the S&P 500. That's 9.9% annualized vs 13.5% for the index. OGS has underperformed the broader market over this period.
Does OGS pay a dividend?
Yes. ONE Gas, Inc. currently pays a dividend yield of 306.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01